"Majority Rules: Non-Cash Bids and the Reorganization Sale"
September 21, 2010
American Bankruptcy Law Journal
Randall Klein, chair of the firm's bankruptcy group, and Danielle Juhle, associate in the firm's bankruptcy group, co-authored "Majority Rules: Non-Cash Bids and the Reorganization Sale," published in the September 2010 issue of the American Bankruptcy Law Journal.
The article reexamines the "credit bid" conundrum, focusing on multi-lender credit facilities where each lender individually has a debtor-creditor relationship with the borrower, and illustrates the application of majority rule in today's restructuring environment.
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